The State Duma has adopted in the second reading the draft decree on imposing a zero rate of VAT on companies that extract precious metals from scrap or wastes without a license and then sell them to the State Fund, banks and the Central Bank. According to an explanatory note to the document, the tax…
Several gold-extracting projects will be carried out in Irkutsk region. Polyus intends to commission the Sukhoi Log deposits by 2026. The capacity of the gold-extracting factory is expected at 30 million tons of ore with the average gold output at 1.6 million ounces per year. Investments will total $2-2.5 billion. Meanwhile Polyus Verninskoye has received…
In mid-June the group of companies Ferrum (Novosibirsk) has put into operation the fifth pipe mill TESA 48-133. The mill produces electric-welded straight seamed pipes with the diameter of 48-133 mm. The total capacity of the mill is up to 6 thousand tons of pipes per month. (Ukrainian metal)
Additional premises of the oil-processing works have been put into operation in Azerbaijan. The size of the premises is 1500 square meters. The weight of the metal structures is 154 tons. This is the second building constructed in the country by the specialists of Novinsky Works of Metal Structures (Moscow). The oil-processing works has been…
In order to check the compliance of the Energomashspetsstal environment management system to the ISO 14001:2015, the company has been visited by QSCert-Ukraine B.V specialists. They have checked 17 structural subdivisions of the company, studying the documents dealing with environment protection and speaking with the directors and the personnel. The information obtained during the audit…
Ukrmetallurgprom and the Ukrainian association of secondary metals UAVtormet have addressed the Verkhovna Rada asking it to free the scrap metal operations from VAT. “This will make it impossible to some companies to carry out operations, which allow them to get the VAT reimbursed from the state budget”, the letter said. According to the letter,…
Ural Mining and Metallurgical Company is carrying out operation at the Khopra sulfide-nickel deposits in Voronezh region. The prospecting work has been completed, and now the company is preparing the necessary documents. The process is expected to wrap up by 2020. According to the company statement, preliminary estimations show that the construction of a mining…
In January-May Irkutsk region yielded 6902 kg of gold, up by 15% YoY. In particular, ore gold output totaled 5662 kg, and alluvial gold – 129 kg. 6 companies provided for the most output. Polyus Verninskoye mined 2923.6 kg of gold, Vysochaishiy – 1813 kg, Ugakhan – 649 kg, Lenzoloto – 451 kg, Vitim –…